Economy of Asia

Asean economies set to double GDP by 2020 says IHS

Workers at a construction site in Hanoi, Vietnam. Vietnam is one of the frontier markets that are opening up. Photo: EPA

Rajiv Biswas, Asia-Pacific chief economist at IHS, speaking at a Hong Kong General Chamber of Commerce conference on the outlook for emerging markets in Asia, said: "Asean is experiencing strong growth across the board."

Friday, 3 May, 2013, 4:22am

Talking points

The public gets a chance to listen in on the latest discussions on the development of the West Kowloon Cultural District

The public gets a chance to listen in on the latest discussions on the development of the West Kowloon Cultural District.

18 Apr 2013 - 3:18am

Cautionary fable from 1994 holds good for China today

Job seekers read want ads during a job fair in China. Rapid output growth could be explained entirely by rapid growth in inputs of labour and capital. Photo: Xinhua

If China's new leaders really want to understand the economic challenge they face, they should dig out an essay published in the November 1994 edition of Foreign Affairs magazine by American economics professor Paul Krugman.

8 May 2015 - 9:46am 3 comments

Outsized appetite in a finite world

Two months ago, the US Department of Agriculture forecast the biggest corn harvest in history: 376million tonnes. After two months of record heat and drought in the US Midwest, it has dropped its forecast to 274million tonnes. It is now forecasting the price per bushel could go up to US$8.90.

17 Aug 2012 - 1:35am

Tightening seen as deals slow markedly

A year after the government launched a series of measures to ease surging home prices, Hong Kong's housing market has shown tentative signs of slowing in the past month after considerable price inflation since January.

But there are growing concerns that stronger tightening measures may be in the offing.

11 Jun 2012 - 12:00am

Wary applause as China's trade soars in May

China's exports and imports increased sharply in May but economists said the encouraging data did not signal a turnaround for the slowing economy.

11 Jun 2012 - 12:00am

Tsang's warnings are on the money

Hong Kong's property market has come through some turbulent times since the handover - the Asian financial crisis, the Sars outbreak and the global financial crisis. Many people still have painful memories of years of struggle to emerge from negative equity in their properties after the first two events.

10 Jun 2012 - 12:00am

Diamond dealers look to the east

Hong Kong has become a major export destination for the Israeli diamond industry, which is turning its attention to Asian markets, according to Michal Gordon-Keret, managing director of Israel Diamond Institute (IDI) Asia-Pacific, which provides information and contacts for Israeli diamond companies.

26 Apr 2012 - 12:00am

Vice-premier confident over growth

In a bid to defy doomsayers' predictions that the days of China's booming economy are coming to an end, Vice-Premier Li Keqiang said yesterday the country had the ability to maintain stable, relatively fast economic growth over the long run.

His comments were made during the opening ceremony of the 2012 Boao Forum for Asia on the southern resort island of Hainan .

3 Apr 2012 - 12:00am

Canary in China's coal mine stopped singing in January

Interpreting January's economic data from China is always tricky. There are too many distortions around the Lunar New Year holidays to draw conclusions with any confidence.

Even so, some of the numbers that have emerged over the last week are sufficiently ugly to have analysts seriously worried.

13 Feb 2012 - 12:00am

More cities feel the impact of austerity moves

The latest figures on the mainland's property sector suggest that government austerity measures are having an increasing impact, with only two out of 70 cities recording price gains for newly built homes in December, the weakest performance of any month last year.

19 Jan 2012 - 12:00am

HK home prices slump 4pc in past five weeks

Hong Kong home prices are falling at a faster pace, slumping 4.05 per cent over the past five weeks, says Centaline Property Agency.

Centaline said the secondary market was hit by economic uncertainties and seasonal factors.

14 Jan 2012 - 12:00am

Syndicated loans climb to new highs in Asia

Syndicated loan volume in the Asia-Pacific region, including Hong Kong, was the highest on record last year as economic growth increased corporates' demand for loans.

Bankers, however, predict loan amounts to drop this year as the euro-zone debt crisis slows economic growth and bank lending.

4 Jan 2012 - 12:00am

Tinkering with loan controls won't help property market

It seems there has been some confusion recently in Hong Kong's policymaking circles.

Just four weeks ago, Financial Secretary John Tsang Chun-wah was still worried about the dangers of a property market bubble, telling Legislative Council members that prices had not yet fallen to a 'satisfactory level'.

19 Dec 2011 - 12:00am

Stock rally to lure profit takers

Some investors are expected to take profit today following yesterday's heavy trading and surge in stocks.

Traders yesterday chose to look on the bright side after a spate of news suggesting the global economy is in its most perilous shape since the financial crisis, sending the Hang Seng Index up by 5.63 per cent or 1,012.91 points.

2 Dec 2011 - 12:00am